-- Off-grid Energy Storage System Market 2019-2025
New Study Reports "Off-grid Energy Storage System Market 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2025".
Introduction / Market Synopsis:
In the foremost, the Off-grid Energy Storage System Market report provides a short description along with the definition, its key applications, and manufacturing process employed. The in-depth analysis of the Off-grid Energy Storage System market is done by understanding the competitive landscape, recent trends in the industry, and the regional status. The report also studies the price margins of the product as well as risk factors that are associated with the manufacturers. Various dynamics are also included in the study of the Off-grid Energy Storage System market that holds a robust influence over Off-grid Energy Storage System market. The forecast period of Off-grid Energy Storage System market is recorded for 2019 as the base year, which stretches over till 2025.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the Off-grid Energy Storage System market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
Global Off Grid Energy Storage Systems Market to Reach USD 58.47 Billion By 2026
Energy storage systems are used to store surplus electricity that can be utilized during blackouts, power shortages, and peak hours of demand. To support the rapid outburst in traffic and provide better coverage, telecom operators started installing new base transceiver stations (BTS). This has led to the installation of telecom towers in remote locations, leading to the adoption of diesel generators. In 2026, the Global Off Grid Energy Storage systems market will reach USD 58.47 Billion.
The irregular nature of renewable energy sources (the wind, water and sun), leads to large instabilities in the generation of electricity. Hence, Energy storage becomes important to tap renewable energy in an efficient manner. In 2017, off-grid entrepreneurs were looking for only the cost-effective storage choices that are largely driven by cost, forcing them to ignore other options that exist. Alternative storage options offer a range of the benefits (being environment friendly, uses the additional source during high demand etc.) for both consumer and the environment.
Hence, the advice to the off-grid entrepreneurs will be to look at new applications and business models, processes, workflows using various energy storage technologies, promote innovation in emerging technologies, and support more sustainable environmental management of batteries. The key driving factors of this market growth include Growing Solar PV Markets and Deployment of Renewable Energy. One of the significant drivers of utility-scale energy storage systems is the substantial growth in the amount of renewable energy being deployed around the world.
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Important Key Players Analysis: EnerSys, SAFT, Sonnen, NEC Energy Solutions, Sumitomo Electric Industries, Fronius, LG Chem, Aquion Energy, Toshiba, Samsung SDI, Mitsubishi Heavy Industries, ZEN Energy, Enphase, CALBand more
Market Segment:
The global off grid energy storage systems market has been segmented based on type, applications, and product. By type, the market is split into Below 40 KWH, 40-80 KWH, 80-150 KWH and Over 150 KWH. By applications, the market is split into Government, Industrial, Commercial and Residential. By product, the Off-Grid Energy Storage Systems market is divided into Sodium-based Batteries, Lithium-ion Batteries, Lead-acid Batteries, and Others. For lightweight and high-energy density solutions, Lithium-ion Batteries are used. These batteries are used in cell phones, notebook computers etc. The lead-acid battery market will grow due to its increasing usage in UPS, vehicles along with advancements in manufacturing processes.
Regional Analysis:
By region, the global off grid energy storage systems market is divided into North America (United States, Canada, Mexico), Europe (Germany, France, UK, Italy, Russia, Spain), Asia Pacific (China, Japan, Southeast Asia, India). The North American Market will participate profoundly in the Off-Grid Energy Storage Systems due to its state-level storage mandates, renewable support programs in the region, and the increasing number of grid reliability issues. The region will be largest player in the market. The Asia Pacific will register growth due to increase in electricity demand, supply security concerns etc. The report also covers key vendors across regions and their sites, capacity, production, revenue and market share in the global market.
Industry News:
The residential segment of Global Off-Grid Energy Storage Systems Market will account for 70% of the market share by 2023. The rising awareness of global warming and preserving natural resources and also identifying alternative renewable sources of energies, increasing cost of electricity, are the key drivers to the growth of this segment.
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Major Key Points from Table of Content:
1 Industry Overview of Off-grid Energy Storage System
2 Manufacturing Cost Structure Analysis
….
8 Off-grid Energy Storage System Major Manufacturers Analysis
8.1 EnerSys
8.1.1 EnerSys Off-grid Energy Storage System Production Sites and Area Served
8.1.2 EnerSys Product Introduction, Application and Specification
8.1.3 EnerSys Off-grid Energy Storage System Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.1.4 Main Business and Markets Served
8.2 SAFT
8.2.1 SAFT Off-grid Energy Storage System Production Sites and Area Served
8.2.2 SAFT Product Introduction, Application and Specification
8.2.3 SAFT Off-grid Energy Storage System Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.2.4 Main Business and Markets Served
and more
Continued...
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